Chelsea are also interested in the player and have already informed his agent they would pay him basic salary of £135,000-a-week at Stamford Bridge, which could be topped up with bonus payments based on goals scored.

But Arsenal’s offer blows that out of the water and is a major signal of intent from Wenger who openly accepts he needs a new striker following Danny Welbeck’s latest injury, which rules him out for the majority of next season.

Arsene Wenger is desperate to challenge for the title next season

Morata currently plays for Italian giants Juventus but former club Real Madrid plan to re-sign him this summer using a £25million buy-back clause. He will then be sold on for maximum profit, with Real expecting to raise at least £40million.

Juventus are keen to re-sign him and there’s also interest from Manchester United but both those clubs are currently looking at cheaper targets.

A strong, powerful and committed striker, Morata scored 11 goals in 46 games last season and is expected to lead the line for Spain at Euro 2016.

The Arsenal board has given the go-ahead to spend over £80million in transfers this summer, while extra money on the wage bill has been freed up following Tomas Rosicky and Mikel Arteta’s exits.

SunSport understands Wenger wants three first-team players and plans to either buy or promote two youngsters to bolster the squad.

Granit Xhaka will be the first through the door when his £25million transfer from Borussia Monchengladbach is confirmed next week while Bolton centre back Rob Holding remains a target despite Arsenal having an opening bid rejected last week.